Bill > S09070

This bill allows members of the New York City Police Department who previously served as traffic enforcement agents to have that prior service counted towards their police retirement and pension benefits, provided they pay into the system what they would have owed had they been police officers from the start of their traffic enforcement service. This provision applies to those appointed as traffic enforcement agents before July 1, 2009, and it overrides any restrictions on transfers found in civil service laws. The bill also explicitly states that these members can "buy back" and receive credit for their time as traffic enforcement agents. This change is expected to increase employer contributions to the New York City Police Pension Fund, with a significant present value of benefits and an increase in unfunded accrued liability.